Corient, a wealth advisor focused on ultra-high- and high-net-worth investors, has announced the acquisition of the business of Palo Alto Wealth Advisors, a Palo Alto, Calif.-based registered investment adviser with $766.7 million in assets under management.
The transaction deepens Corient’s presence in California and reinforces its growing footprint in Silicon Valley. Founded by Ryan Schmidt and Nate Blair, Palo Alto Wealth Advisors delivered comprehensive, tailored advice to meet the complex requirements of technology professionals and their families. As part of the transaction, the Palo Alto team members have joined Corient.
Corient operates as a fiduciary, fee-only wealth management firm under a unique private-partnership model, similar to those used by leading professional services firms. The structure gives clients access to the full breadth of expertise and resources across Corient rather than depending on a single advisor. Since its founding in 2020, Corient
